Yoram Abada - Mar 20, 2024 Form 4 Insider Report for PALTALK, INC. (PALT)

Role
Director
Signature
/s/ Yoram Abada
Stock symbol
PALT
Transactions as of
Mar 20, 2024
Transactions value $
$0
Form type
4
Date filed
3/22/2024, 04:05 PM
Previous filing
Mar 29, 2023
Next filing
Sep 9, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PALT Stock Option (Right to Buy) Award $0 +8K $0.00 8K Mar 20, 2024 Common Stock 8K $2.78 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option was granted pursuant to a stock option agreement dated March 20, 2024 (the "Option Agreement). The shares underlying this stock option will vest and become exercisable in four equal quarterly installments on the last day of each calendar quarter in 2024, as long as the reporting person is providing services to Paltalk, Inc. on such dates; provided, that upon the effective date of a "change in control" (as defined in the Paltalk, Inc. 2016 Long-Term Incentive Plan), 100% of the then-unvested shares shall immediately vest and become fully exercisable, if not previously so exercisable, on the date of the change in control.